🚨 Time is Running Out: Reserve Your Spot in the Lucky Draw & Claim Rewards! START NOW
Learn to gain real rewards

Learn to gain real rewards

Collect Bits, boost your Degree and gain actual rewards!

New
Video Courses
Video Courses
Deprecated
Scale your career with online video courses. Dive into your learning adventure!

The Majority of Voyager Customers Agree with Binance.US Restructuring Plan

The Majority of Voyager Customers Agree with Binance.US Restructuring Plan

Voyager claims its customers overwhelmingly voted in favor of Binance.US restructuring plan ahead of bankruptcy hearing on Thursday.

On February 28th, a bankrupt crypto lender Voyager Digital revealed that its restricting plan had been supported by 97% of its customers, who represent 98% of all claims. Based on the plan, Binance.US will acquire a majority of Voyager's digital assets.

According to a filing submitted on February 28th, more than 59,000 customers agreed that Voyager assets would be sold to Binance.US.

What is Solana in Crypto? (Beginner-Friendly Animation)

Did you know?

Want to get smarter & wealthier with crypto?

Subscribe - We publish new crypto explainer videos every week!

What is Solana in Crypto? (Beginner-Friendly Animation)

What is Solana in Crypto? (Beginner-Friendly Animation) What is Solana in Crypto? (Beginner-Friendly Animation)

Overall, 61,300 Voyager customers expressed their opinion regarding the matter. Out of them, only 3%, or over 2,000, holders opposed the restructuring plan.

During the March 2nd hearing, the company's attorneys will seek a court's approval of its restructuring plan.

Binance.US won the bidding process for Voyager assets in December. Based on the bid, Binance.US is set to purchase Voyager's assets for $1.02 billion

However, several US regulators opposed this plan. According to an SEC court filing, the restructuring plan could violate federal securities laws. The Federal Trade Commission has also launched an investigation into Voyager Digital.

The Texas State Securities Board and the Department of Banking also objected to the deal. The authorities claim that the deal contains "inadequate disclosures." For instance, they pointed out that unsecured creditors may only receive 24-26% of their funds.

Last year, crypto lender Voyager Digital Holdings filed for Chapter 11 bankruptcy. It is worth noting that it is Voyager's second attempt to sell its digital assets. At the end of September 2022, crypto exchange FTX US won the bid for the crypto lender's assets. However, the collapse of FTX and 130-related firms forced Voyager to search for another buyer.

Gile K., Market Sentiment Analyst
Gile is a Market Sentiment Analyst who understands what public events may form what emotions. Her experience researching Web3 news and public market messages – including cryptocurrency news reports, PRs, and social network streams – is critical to her role in helping lead the Crypto News Editorial Team.
As an intelligent professional in public relations, together with the team, she aims to determine real VS fake news patterns, and bring her findings to anyone searching for unbiased news and events happening in the FinTech markets. Her expertise is uncovering the latest trustworthy & informative Web3 announcements to the masses.
When she's not researching the trustworthiness of mainstream stories, she spends time enjoying her terrace view and taking meticulous care of her outdoor environment.

Loading...
binance
×
Verified

$600 WELCOME BONUS

Earn Huge Exclusive Binance Learners Rewards
Rating